Advertising is when you present something and people like it sale means to give things away
Answer:
free market economy
Explanation:
in a free market economy business organisation determine what profitable goods and services to produce and the market determines the price to pay for such goods and services
Answer:
The answer of the exercise is attached.
Explanation:
Bad debt expense is an expense account and expense accounts have debit balance. Whenever an expense account is to be increased, it is debited.
Allowance for doubtful debts is a contra asset account and contra asset accounts have credit balance. Whenever a contra asset accounts balance is to be increased, it is credited.
Therefore, to record the estimated uncollectibles, bad debt expense account is debited to book the expense and allowance for doubtful accounts is credited to reduce the balance of accounts receivable.
Answer:
The net differential decrease in cost for the entire three years is $8750
Explanation:
The benefits from purchasing the new machine includes the receipt of $6,250 salvage value as well as the reduction in variable manufacturing costs by $23,750 for 3 years ($43,750-$20,000).
Also,additional cost needed to acquire the new machine is the purchase price of $68,750,hence the net benefits overall is shown below:
Salvage value $6,250
cost savings($23,750*3) $7,1250
Total benefits $77,500
costs ($68,750)
net benefits $8,750
Answer:
a)The Maximum amount you can defer is restricted to individual limit of $ 18,000
b)The Tax saving due to deferral =$ 5940
c)The amount recommended for amber = $ 18000
Explanation:
a)The Maximum amount you can defer is restricted to individual limit of $ 18,000
b)The Tax saving due to deferral = 18000* .33 =$ 5940
c)The amount recommended for amber = $ 18000